SG Americas Securities LLC increased its stake in Enerpac Tool Group Corp. (NYSE:EPAC – Get a rating) by 76.9% during the third quarter, according to the company in its latest filing with the Securities and Exchange Commission. The fund held 54,785 shares of the company after acquiring an additional 23,814 shares during the period. SG Americas Securities LLC owned 0.10% of Enerpac Tool Group worth $977,000 when it last filed with the Securities and Exchange Commission.
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Other large investors have also recently increased or reduced their stake in the company. Bank of New York Mellon Corp increased its stake in Enerpac Tool Group shares by 1.6% during the first quarter. Bank of New York Mellon Corp now owns 590,340 shares of the company worth $12,922,000 after buying 9,287 additional shares in the last quarter. US Bancorp DE increased its equity stake in Enerpac Tool Group by 808.7% during the first quarter. US Bancorp DE now owns 1,563 shares of the company worth $34,000 after buying 1,391 additional shares in the last quarter. Citigroup Inc. increased its equity stake in Enerpac Tool Group by 11.4% during the first quarter. Citigroup Inc. now owns 51,935 shares of the company worth $1,137,000 after purchasing an additional 5,316 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in Enerpac Tool Group shares by 183.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,936 shares of the company worth $64,000 after purchasing an additional 1,902 shares in the last quarter. Finally, Bank of Montreal Can increased its equity stake in Enerpac Tool Group by 4.0% during the first quarter. Bank of Montreal Can now owns 21,040 shares of the company worth $455,000 after buying 809 more shares in the last quarter. 97.96% of the shares are held by institutional investors and hedge funds.
Enerpac Tool Group Price Performance
EPAC opened at $24.65 on Thursday. The company’s 50-day simple moving average is $24.90 and its 200-day simple moving average is $22.09. The company has a debt ratio of 0.60, a quick ratio of 1.70 and a current ratio of 2.29. Enerpac Tool Group Corp. has a 1-year minimum of $16.09 and a 1-year maximum of $27.37. The stock has a market capitalization of $1.40 billion, a PE ratio of 67.54 and a beta of 1.36.
Analyst upgrades and downgrades
Separately, TheStreet reduced shares of Enerpac Tool Group from a “b-” rating to a “c” rating in a Wednesday, Dec. 21 research note.
About the Enerpac Tool Group
Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil and internationally. It operates through Industrial Tools and Services (IT&S) and Other segments. The IT&S segment designs, manufactures and distributes branded hydraulic and mechanical tools; and provides service and tool rentals to infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction and to other markets.
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